Five suspects captured in Thailand for $76M crypto investment fraud

MSN

According to the Bangkok Post, Thailand’s SEC has chosen not to allow spot bitcoin exchange-traded funds (ETFs). This approach resembles South Korea’s, which also decided against allowing such ETFs in its domestic markets.

MSN

It took me 1000 hours to really grasp what this photo was about. #Bitcoin

We need more source details and color here but fascinating if any part of this is true. I’m following for further developments. “Contrary to the above measures, the Thai government is trying to offer Russian tourists alternative cryptocurrency settlement options. This was demonstrated by PTA President Bhummikitti Ruktaengam who stated that digital assets could be used as a payment option if the transaction was canceled.” https://voi.id/kr/technology/143224

นี่คือภาพรวมของการอนุมัติการขุดบิตคอยน์ที่บ้านเด็กในภาคเหนือของไทย View quoted note →

“The alleged bitcoin miners were accused of stealing electricity, and inflicting more than 5 million baht in losses to the electricity authority”

nationthailand

Bitcoin mining machines worth THB200 million seized in two provinces

A total of 652 bitcoin mining machines, estimated to be worth 200 million baht, were seized by Thai cyber police after conducting raids in Samut Sa...

Chiang Mai, Thailand 🔶

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Non Profit Bitcoin Mining ⛏️ at a Children’s Home in Omkoi, Thailand

“Even as Asian markets such as Hong Kong lean into permitting Bitcoin and Ether ETFs, regulators in Thailand are taking a hard line on unauthorised digital asset service providers. The Thai Securities and Exchange Commission is intensifying its crackdown on rogue platforms by blocking access”

DL News

Thai regulators cite Binance and Bybit cases in Asia’s latest crypto crackdown

Binance is now running a regulated exchange in Thailand in a joint venture. A wide-ranging effort to licence crypto platforms is sweeping the conti...

The Thai Securities and Exchange Commission has been instructed to share information on unauthorized digital asset service providers with the Ministry of Digital Economy and Society. The regulator warned investors using such platforms of the risks they face which include the possibility of being scammed or involved in money laundering.

Bitcoin News

Thai SEC Instructed to Share Information on Unauthorized Digital Asset Platforms With Government

The Thai regulator warned investors using authorized platforms of the risks they face which include the possibility of being scammed.

Bitcoin adoption is happening as slowly as the Internet.

Using crypto or Bitcoin for fraud is unwise because transactions are irreversible, pseudonymous, and traceable, making it easy for authorities to identify and prosecute offenders.

Khaosod English

Crypto Scammers

A huge pile of money was displayed at a press conference held on Tuesday at the Cyber Crime Investigation Bureau's (CCIB) headquarters in Muan...

Thailand to Block Access to 'Unauthorized' Crypto Platforms The Thai SEC cited earlier decisions by nations like India and the Philippines.

Thailand to Block Access to 'Unauthorized' Crypto Platforms

Authorities in Thailand have decided to block "unauthorized" crypto platforms to increase the efficiency of law enforcement in solving the problem ...

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BANGKOK (Reuters) -Thailand's Securities and Exchange Commission said on Monday it was working with law enforcement to look into potential losses among the public after the crypto exchange Zipmex temporarily suspended withdrawals last week.

Thailand probing potential losses for users of crypto platform Zipmex